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Sales up, but “toning” footwear lets Brown Shoe down

30/08/2011

Footwear group Brown Shoe Company has reported second quarter sales of $628.1 million, an increase of 7.2% compared to second quarter 2010 net sales of $585.8 million. However, the company reported a net loss for the quarter of $4.6 million compared to a profit of $5.3 million this time last year. Chief executive, Diane Sullivan, said a “more...

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